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Thursday, February 17, 2011

Akbank Chief Backs Turkey's Reserve Requirements - WSJ.com

"Akbank Chief Backs Turkey's Reserve Requirements

BY MARC CHAMPION

ISTANBUL—Turkey's central bank is right to raise reserve requirements for commercial lenders, but will in future need to start paying interest on the money parked with it or risk damaging some of Turkey's strongest companies, according to the head of Akbank, the country's largest bank by market capitalization. "

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